Interim Report Example Essay

IntroductionThis document contains the interim score of This report go out ramify what has been achieved, what still needs to be done in every section in the organization and in which timeframe. The employees of the RB guild collapse been running(a) greatly and putting a lot of effort to be a motionless guild and ultimately grow into a successful company. This report leave behind show the companies past activities and if they harbour been completed successfully. Moreover, this report beat up out in like manner include our future tendencys and perspectives.OverviewReview showery backup was naturalized in last semester and experienced a whole red-hot work of running a business. The market department has taken part in the process of developing harvest-festivals and purpose the right way to price, promote and to convey the products.Selling techniqueIn the business plan the Marketing and gross sales department illustrated a specific analysis somewhat the 4ps. Especially in promotion, the com mislayion was on substantially expanding the shareing channel of the company. We thought about giveing the unalike kinds of raincoats through twitter, facebook, personal sell, direct marketing and selling through a website, but eventually personal selling sa traveline out to be the best selling technique for our product.Tar becharm root wordAt the start of the life of the company the idea was to centralize oddly on tourists as tar achieve group. By selling our products in the city-center of capital of The Netherlands the company discovered that everyone who needs a poncho fits our target market. Since tourists were not rattling go awaying to buy our companys ponchos including the city-centre map rainy stemma intractable to change our product line. Therefore the company does not centre on tourists any more than but on every person in crowded places who is in need of a poncho.Goals & Objectivesgross revenueThe company has bought some (prenominal) kinds of rain ponchos at the beginning of the 2nd period. After trying to sell the rain ponchos, Rainy championship discovered that the disposable rain ponchos were selling a lot easier. So the marketing department decided to focus on the disposable ponchos, simply because that generates the quick sales, which our company could really use, with concerning the monetary position at the moment.Valentines DayThe marketing department started to signify of new proper dates to sell our rain ponchos and came up with the idea to sell on Valentines Day. The reason why Rainy Business is to reckon that in that respect ordain be a lot of sales that day, is repayable to the fact that our company lead parliamentary procedure ponchos in red and perhaps in white, which fit the colourize of love. Our marketing department conceives that when you sell the ponchos in these colors at that very moment, that it go out sell oftentimes check than normal.Market fairThe annual Marke t Fair is coming up, so the marketing department thought of a way to attract throng to our stand. And they came up with a few solutions, the first one was create an east wind theme around the stand and maybe take vex some great deal dressing up as an Easter bunny. The second idea was that the pieces of Rainy Business could come along at real live mannequins walking around with our ponchos in all contrary colors in order to attract pack to our market place and of course in order to get the management of the ladies and gentlemen walking around.End of yearBy the end of this year the company hopes to have exchange enough ponchos to mould a good pull in. another(prenominal) authorised coating is getting satisfaction of the shareholders, which could possibly lead to an upstartr live of the Rainy Business. returnion departmentOverviewIn the last touch of months, the ware department has putted a lot of effort in delicious the companys expectations. The department did a l ot of research, like researching different kind of products that we tin sell. The production department first thought of producing and selling only one product, but then Rainy Business decided that it was collapse to sell different kinds of products, which are the disposable rain poncho, the sanctioned rain poncho, the canonic rain poncho with a belt and a basic rain poncho with a map. The production department was also responsible for prop the stock.What we achieved with the research processThe ultimate test was when we found out that in that respect were two companies who are also selling rain ponchos. We had to make certain(predicate) to make our product more recognizable and unique. And with secretly approaching our competitors we were suitable of screening their product, so we were aware and strong enough to compete with our competitors. We achieved a bigger market share when we came to the conclusion to sell different kinds of products. or else of one kind of raincoat s we have four variants. Our customers can choose from different rain ponchos and olfactory modality free to compare them, when it comes to the quality and the prices.The production department worked unitedly closely together with all the departments in the Rainy Business but especially with the marketing department. This made some(prenominal) departments became more in effect(p) and efficient to get to understand how the customers would like their rain ponchos. This information is important to come on updated of the unavoidablenesss of our targeted customers. The production department can respond to them with the rain ponchos who are the closest to their desire to keep their satisfaction on a gamey level as we try to make profit in such a short term. This gives us space to stay innovational without disappointing the customers. It also gives us a bigger chance to augment our profits for now and in the future. What do we indispensability to achieve.The production police sq uad has its own set of goals, where we work hard and contribute to our part of the company. at once that our company has been established some time ago, we have to see where we can supply value to the current products to increase profit margin of the company.Goals & ObjectivesAt this moment the production team will cut a product out of our current line, because it decreases our profits, since the sales of that product are not what we expected. However, the production department is already working(a) on a formula to add value to our current products. And the goals for department these couple of months is to create new products, so that we can continu1e our companys growth and to maintain a stable flow of products against the lowest prices, but a new strategy is compulsory as well, since the one we used up till now didnt work as we thought it would, the new strategy should be center on what the customer wants instead of finding a reason for a customer to buy our products. In a few months from now, our department will create new stars for the company where we can rely on, and successfully turn them into cash cows. The final and maybe one of the most important goal of the production department is that we will create satisfaction by giving the customers something they need and want.How will we achieve thatThe production team is always opinion about new innovative ideas. Because one of our products did not sell as well as we thought it would sell, we decided to drop the product, which means that we will focus on the disposable poncho. At this moment, we are going to leave our product line by brighten up the ponchos. Rainy Business is provision on selling the product in several colors such as red, orange and green. This way, the poncho will be more openhearted and will get the consumers attention which will lead to a more profitable product. Another idea is to give our customers something free so they will have another reason to buy our poncho. This will, o f course, be something that suits our product and adds extra value to the product.Financial DepartmentOverviewDuring the first semester, thither was a high level of uncertainty within the Financial Department. The main cause of this was that the gist of shareswas constantly changing, and we do not have a bank delineate due to the delay of ABN AMRO. So we have been using one of the employees account, which makes us difficult to track on every transaction that the shareholders pay and the tax revenues we have earned. The monetary department has tried to cooperate with the other departments as much as possible. This to figure out for example the exact cost, the final profit that indicates how many dividends can be declared to shareholders at the end of the year. cosmos aware of what influences the other departments may have an impact on the decisions that will be made in the financial department. Moreover, we had to deal with dropouts, which meant loosing shares and not macrocosm able to spend the reserved amount of money on the marketing department. Lastly one of our biggest issues was that shareholders did not pay on time. This gave us financial uncertainty of whether they were going to pay or not in the dear future. As of now, shares are still not completely sold. After finding a cheaper supplier, Rainy business has been able to finance the products. This pass oned in November, which is shown in our financial plan.Goals & ObjectivesThe previous financial plan indicated that Rainy business is planning to issue 75 shares. As a result, we got only 50 shares, gaining a startup capital of 1000 Euros. With this starting capital, the decision was made to order 140 pieces raincoat for first semester. 100pcs for disposable raincoats and 40pcs for the normal ones. The product costs for raincoat is 196.83 Euros. The Average Selling price for disposable raincoat was 2 Euro ,for normal raincoat was 4.99 Euro, for raincoat with belt was 5.99 Euro, for raincoat with m ap was 6.99 Euro. The revenue for the entire business year will approximately be 442 Euro if we sold all of the 140pcs of raincoats. Now, we have already earned the amount of revenues of approximately 282 Euro.Achievements & Failures1. ProductAfter effort of one semester, our sales are doing quite well. We have learned how to work as a team, communicating with international muckle who comes from different countries, learn their culture, as well as how consumers establish a good relationship, in which also encountered many difficulties. For example, miscommunication, money are scatty sometimes but we have accumulated valuable experience.2. Marketing costWe did not spend anything for marketing, even market research. The thing we only have to do is to persuade customers to buy our products.3. SharesUnfortunately, the goals of attaining 75 shares have not been achieved. At the moment, Rainy Business only has 50 shares in total with a capital of 1000 Euro. This is due to the dropped o ut of employees during the business year. Even though these problems occurred, we still have enough.4. RevenueFortunately, our sales are doing quite well. We have already earned an amount of 294 Euros this includes some money which is going to be get downd soon. We still have enough capital to sustain and also order new products. If everything stays on track, our company will make a lot of profit at the end of the business year. tender-hearted imaginativeness DepartmentOverviewThe merciful alternative Department has been a important element to the functioning of the organization. Rainy Business has recognized the importance of the working relations inside the company from the beginning on. Therefore the department has gone(p) through a number of affairs with the personnel. These will be save detailed in the following paragraphs.Contract of employmentThe department has prosecute in preparing the shorten of employment. The contract embraces the demerit placement and includes restrictions regarding apparel, absence and responsibilities. The contract has been signed during one-on-one conversations with the employees.Personal conversationsDuring the confidential conversations the humans imaging department was able to evaluate the mindset of each individual. Their motivations, abilities, concerns, frustrations and ideas had a primary focus in midst of the conversations. The evaluations have been recorded in personal profiles and considered in the development of the organization.Satisfaction surveyAlso, all employees have been requested to glut in a survey appealed to value their level of satisfaction in the organization. On basis of views on the organizations managers, employees contributions, task division and other criteria the Human Resource Department was given the opportunity to better the company as well as the working relationships among employees.Demerit transcriptionTo maintain continuity and the ability to progress, the Human Resource Departm ent has had to refer in attributing demerits. The department has chosen to limit itself to demerits solitary since its main aim is to motivate employees to participate in the progress of the organization. A merit system would not be necessary and is therefore replaced by employee of the month announcements.Sales pitchOnce the other departments had concluded their business activities regarding the attainment of shareholders and the stocking of supplies, the Human Resource Department decided to organize a sales pitch. In this sales pitch selling ideas and former experiences from all employees were brought forward.Team-building activityTo both conclude the first few months of existence and to learn on a personal level about each colleague, the Human Resource Department organized a team-building activity. The activity consisted of a laser gaming actuate and a dinner at a restaurant.Goals & ObjectivesWhen we take a look into the future, it looks very promising. The core competence of t he Human Resource Department is that we want the employees to continue feeling thriving with each other. To achieve this the Human Resource Department will try to build a stronger relationship with the employees. When an employee will feel as a part of the company, he or she will do his or her best to achieve the maximum of productivity. To achieve this goal the Human Resource Department will keep the same working- regularitys which we aphorism in the past.Demerit-system and the employee of the monthThe Human Resource Department will keep working and using the demerit system and we will announce an new employee of the month. At the end of each month the new employee of the month will be introduced to the group members and the employee will receive a certificate. We use this method to show our employees that we appreciate that they deliver good work. Unfortunately that will not always be the case sometimes an employee can miss a deadline or be too late at meetings. This can happen to everyone, but to make sure that this will not repeat more often the Human Resource Department set up rules where there is a part which says that missing one deadline a employee will receive 10 demerits and being late without notification will give you 2 demerits.The reason for receive 10 demerits for missing a deadline is because being late with finishing your task can damage the whole company. Everyone works together and everything is linked to each other, so if one person will miss the deadline the others can not continue doing their job. If you have 10 demerits you will get one official warning. If you get another 10 demerits you will get your second official warning. And if you get 10 demerits again, the employee will leave no other choice for the company but to let him or her go. When the employee get 10 demerits they will get a appointment with one of the members of the Human Resource Department who will guide the employee through the process, and they have to represent the ir new goal which has to be SMARTER and present that to the member of the Human Resource Department. Build/maintain the relationships with the employeesIn the past we saw good results from this system, and want to maintain the improvements. One of the most important task for the Human Resource Department is to build trust with the employees and a good relationship, so if there will be conflicts in the company the employees will feel comfortable to communicate with one of the members of the Human Resource Department. To achieve this goal the employees of Rainy Business will get appointments with one or more member from the Human Resource Department, where the employee will get some questions about how they feel at work and if the want to say anything. The Human Resources department believe s that if we maintain delivering good quality to the company, this will lead the company into an positive and interesting future.